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        <cusip>N/A</cusip>
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          <isin value="CY0200222111"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHSTATE CORP</name>
        <lei>549300JZUANXM0YQ4W53</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UMB FINANCIAL CORP</name>
        <lei>549300MGEH3N3CUCV828</lei>
        <title>UMB FINANCIAL CORP</title>
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          <isin value="US9027881088"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US BANCORP DEL</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP DEL</title>
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          <isin value="US9029733048"/>
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        <balance>500600.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITIZENS FINANCIAL GRP INC</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
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          <isin value="US1746101054"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ZIONS BANCORPORATION NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>ZIONS BANCORP</title>
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          <isin value="US9897011071"/>
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        <balance>172200.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POPULAR INC</name>
        <lei>5493008CARDZMVQ3LO89</lei>
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          <isin value="PR7331747001"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESBANCO INC</name>
        <lei>N/A</lei>
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          <isin value="US9508101014"/>
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        <balance>292400.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WINTRUST FINANCIAL CORP</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>WINTRUST FINANCIAL CORP</title>
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          <isin value="US97650W1080"/>
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        <balance>70800.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANNER CORP</name>
        <lei>N/A</lei>
        <title>BANNER CORP</title>
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          <isin value="US06652V2088"/>
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        <balance>142400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8778960.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OLD NATIONAL BANCORP (IND)</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>OLD NATIONAL BANCORP (IND)</title>
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          <isin value="US6800331075"/>
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        <balance>699201.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTHERN MISSOURI BANCORP INC</name>
        <lei>N/A</lei>
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        <cusip>843380106</cusip>
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          <isin value="US8433801060"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED COMMUNITY BANKS INC</name>
        <lei>549300GVW0FV66X3U703</lei>
        <title>UNITED COMMUNITY BANKS GA</title>
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        <balance>250200.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>M and T BANK CORP</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M and T BANK CORP</title>
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        <balance>109060.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIERRA BANCORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOK FINANCIAL CORP</name>
        <lei>GRI2NT5QHYW751NMR949</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KEYCORP</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EASTERN BANKSHARES INC</name>
        <lei>549300J245MBQU3DO403</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>NORTHERN TRUST CORP</name>
        <lei>549300GLF98S992BC502</lei>
        <title>NORTHERN TRUST CORP</title>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC</title>
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        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Cash Central Fund</title>
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        <balance>716285.06200000</balance>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PHOENIX VEGA MEZZ PLC</name>
        <lei>2138005HBG5SYXSOFN83</lei>
        <title>PHOENIX VEGA MEZZ PLC</title>
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        <invCountry>CY</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNIVEST FINANCIAL CORP</name>
        <lei>4WII2HCR8UEWNU03U507</lei>
        <title>UNIVEST FINANCIAL CORP</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ASSOCIATED BANC CORP</name>
        <lei>549300N3CIN473IW5094</lei>
        <title>ASSOCIATED BANC CORP</title>
        <cusip>045487105</cusip>
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        <balance>540900.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMUNITY WEST BANCSHARES</name>
        <lei>N/A</lei>
        <title>COMMUNITY WEST BANCSHARES</title>
        <cusip>203937107</cusip>
        <identifiers>
          <isin value="US2039371073"/>
        </identifiers>
        <balance>195900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3487020.00000000</valUSD>
        <pctVal>0.851101063231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="44500.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINL CORP</title>
        <cusip>89832Q109</cusip>
        <identifiers>
          <isin value="US89832Q1094"/>
        </identifiers>
        <balance>540900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21365550.00000000</valUSD>
        <pctVal>5.214837403148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Securities Lending Cash Central Fund</title>
        <cusip>31635A303</cusip>
        <identifiers>
          <isin value="US31635A3032"/>
        </identifiers>
        <balance>12625304.24700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12626566.78000000</valUSD>
        <pctVal>3.081853390982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="12626566.78000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO and CO</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO and CO</title>
        <cusip>949746101</cusip>
        <identifiers>
          <isin value="US9497461015"/>
        </identifiers>
        <balance>545292.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40776935.76000000</valUSD>
        <pctVal>9.952708438913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORPORATION</title>
        <cusip>060505104</cusip>
        <identifiers>
          <isin value="US0605051046"/>
        </identifiers>
        <balance>713776.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31498934.88000000</valUSD>
        <pctVal>7.688162662396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST HAWAIIAN INC</name>
        <lei>5493002DJSH46F5OLV06</lei>
        <title>FIRST HAWAIIAN INC</title>
        <cusip>32051X108</cusip>
        <identifiers>
          <isin value="US32051X1081"/>
        </identifiers>
        <balance>313400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7483992.00000000</valUSD>
        <pctVal>1.826669634362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRICO BANCSHARES</name>
        <lei>N/A</lei>
        <title>TRICO BANCSHARES</title>
        <cusip>896095106</cusip>
        <identifiers>
          <isin value="US8960951064"/>
        </identifiers>
        <balance>242387.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9671241.30000000</valUSD>
        <pctVal>2.360526682725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="199500.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EAST WEST BANCORP INC</name>
        <lei>N/A</lei>
        <title>EAST WEST BANCORP INC</title>
        <cusip>27579R104</cusip>
        <identifiers>
          <isin value="US27579R1041"/>
        </identifiers>
        <balance>157200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14336640.00000000</valUSD>
        <pctVal>3.499242776688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CADENCE BANK</name>
        <lei>Q7C315HKI8VX0SSKBS64</lei>
        <title>CADENCE BANK</title>
        <cusip>12740C103</cusip>
        <identifiers>
          <isin value="US12740C1036"/>
        </identifiers>
        <balance>305939.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9269951.70000000</valUSD>
        <pctVal>2.262581157542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="7811340.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
